How Men and Women Approach Land Investing (LA 980)
Transcript:
Steven Butala: Steve and Jill here.
Jill DeWit: I was going to say something like "Guten tag." Then, I was trying to think, "Hola." I'm like, well, that's boring. And then I was thinking of another language and, buenos dias. Here we go.
Steven Butala: This is perfect reaction and entrance intro. The differences between men and women.
Jill DeWit: Uh oh.
Steven Butala: Steve and Jill here.
Jill DeWit: Hello.
Steven Butala: Welcome to the Land Academy show. Land, investments, real estate talk. I'm Steven Jack Butala.
Jill DeWit: And Jill DeWitt, broadcasting from sunny southern California.
Steven Butala: Today, Jill and I talk about how men and women approach land investing.
Jill DeWit: I love it differently among other things.
Steven Butala: It turns out, there's some differences between men and women in general in life, and it's not that far off from the differences in how we approach investing in land, and they both have equal and incredibly valuable merit and contribution to getting stuff done. That's kind of what the show is to talk about. It's not to dog on each other, although that may happen. It's actually to celebrate our differences and use them to make some dough.
Jill DeWit: Exactly.
Steven Butala: Before we get into it though, let's take a question posted by one of our members on the landinvestors.com online community. It's free.
Jill DeWit: Nancy asks, "Hello. At the moment, I am paycheck to paycheck, but I can probably get $250 up in the next month for a deal. What I'm asking is would someone be willing to go half on, say, a $500 wholesale deal and split any profit? This way I can get my feet wet and hopefully earn some cash so I can do other deals on halves and split again. Then, eventually do deals on my own. I have to benefit and learn from the sales side of business and eventually earn enough money for a monthly membership, where I can then learn the acquisition side. The only experience that I have real estate as a few years back, I wholesaled a house." Well, that's good.
Steven Butala: That's good. Really good start.
Jill DeWit: "Got it under contract. Then assigned the contract to another, the second one I did. I was not able to find anyone for the contract and had to let it go back."
Steven Butala: You got your feet wet.
Jill DeWit: Yeah. Yeah. That's really great.
Steven Butala: What's your advice to this person?
Jill DeWit: Hey, it's a creative way to get started and I don't think it's nuts. The only thing is I'm not sure how much ... I guess I'd have to talk to and just find out what she's able to contribute, including the $250 towards it. Could you help me with the marketing part of it? Can you help me with this? Each person's equally doing some of the work to justify splitting the profit, not just one person doing all the work of one person sitting back and observing. I'm just being honest. What are your thoughts?
Steven Butala: I'm going to paint a picture here. It's a very accurate picture of a material number of people who are listening or watching this right now.
Steven Butala: I don't have any money. I have a pretty good job. I live in her house or an apartment, and I'm going to work just like the rest of the world every day, wondering what's going to happen. Not Wondering, but trying to put a plan together because I really just don't want to do this job that I'm in the rest of my life, but I don't have any money.